Tagged: banking

November 22, 2021 @ 11:37 pm By Omar Faridi  |  

The Mobile Banking Benchmark 2021 survey reveals that Hong Kong-based digital banks Mox and Livi stood out as the leading local platforms, though there’s overall a gap between Asian and European service providers. The survey has been carried out by management consulting company Sia Partners… Read More

November 18, 2021 @ 9:17 pm By Omar Faridi  |  

Bank of Queensland (BOQ) is bringing an improved set of capabilities to debit card holders as part of the banking institution’s extensive digital offering. With the migration of its debit cards to the FirstVision platform from Fiserv, Inc. (NASDAQ: FISV), a provider of payments and… Read More

November 18, 2021 @ 3:38 pm By JD Alois  |  

N26 is exiting the United States. Founded in 2013 and boasting over 7 million customers, N26 is a Germany-based neobank bank that had sought to establish operations in the USA – a market that is home to thousands of small and large traditional banks as… Read More

November 18, 2021 @ 10:40 am By Omar Faridi  |  

On November 16, 2021, the Basel Committee on Banking Supervision issued a public consultation on principles for the effective management and supervision of climate-related financial risks. This “follows the publication of a series of analytical reports earlier this year,” the update confirmed. As noted in… Read More

November 17, 2021 @ 9:02 am By Omar Faridi  |  

Finxact, the provider of the next-gen core banking platform to the US regional and super-regional banking industry, has confirmed that Codat has joined its Marketplace of banking solutions. The development brings the provider of API-powered connectivity to small business financial software “a step closer to… Read More

November 15, 2021 @ 11:18 am By JD Alois  |  

Vast Bank, a closely held chartered bank, and Bitcoin Latinum have announced a partnership that will “focus on opportunities for collaboration, deal flow, and integration among Vast Bank, Bitcoin Latinum, and Monsoon Blockchain Corporation (Bitcoin Latinum’s lead developer) all through the support of Bitcoin Latinum… Read More

November 15, 2021 @ 8:52 am By JD Alois  |  

Patriot National Bancorp, Inc. (NASDAQ: PNBK), the parent company of Patriot Bank, N.A., and American Challenger Development Corp. have decided to merge in an attempt to create a “purpose-driven, digital-first national bank,” according to a release. Patriot is a small bank based in Stamford, CT… Read More

November 14, 2021 @ 8:06 pm By Omar Faridi  |  

Switzerland’s digital challenger bank YAPEAL reveals that the Swiss Financial Market Supervisory Authority (FINMA) has granted it a license extension in order to provide cross-border services to international clients. As mentioned in the announcement, the services include national payments, cross-border  transfers, a Visa debit card… Read More

November 13, 2021 @ 10:37 am By Omar Faridi  |  

Standard Chartered (LON: STAN) has reportedy tapped the SAP Multi-Bank Connectivity solution and has also joined as a member bank, “aiming to offer an enhanced experience to corporate clients in meeting their transactional banking needs, simplifying the onboarding process, and delivering both traditional and new… Read More

November 12, 2021 @ 10:42 am By JD Alois  |  

Tot, an Italian digital banking platform, has raised €2 Million in seed funding according to a note from the firm. Banca Sella was the lead investor in the funding round. Tot is a new banking platform that aims to update the administrative and financial management… Read More

November 12, 2021 @ 8:32 am By Omar Faridi  |  

The European Banking Authority (EBA) has released its discussion paper on machine learning “used in the context of internal ratings-based (IRB) models to calculate regulatory capital for credit risk.” As noted in the announcement, the stated aim of the discussion paper is to clearly establish… Read More

November 11, 2021 @ 5:47 pm By Omar Faridi  |  

Moven is pleased to confirm that it has entered into a partnership with Australia’s banking Information and Communications Technology (ICT) integration provider, Nixil Pty Ltd, with the aim of establishing a footprint in the fast-evolving virtual banking space that is “opening up in the region.”… Read More

November 9, 2021 @ 5:33 pm By Omar Faridi  |  

MX, the financial data platform and leader in modern connectivity, has announced its integration with Q2 Holdings, Inc. (NYSE: QTWO), a provider of digital transformation solutions for banking and lending, via Q2’s Partner Accelerator Program, which is reportedly a part of Q2 Innovation Studio. Via… Read More

November 8, 2021 @ 10:25 am By Omar Faridi  |  

Digital banking platform innovator Technisys recently formed a partnership with OkCoin, a globally-accessible crypto exchange serving 190 countries, in order to help traditional banks with supporting Bitcoin (BTC) and other virtual currency services — “enabling banks to elevate the customer experience and uncover new revenue… Read More

November 8, 2021 @ 6:52 am By Omar Faridi  |  

When Fintech Plaid first started offering services, they had been mainly focused on connecting with traditional institutions in the jurisdictions they had established businesses. These strategic connections enabled consumers to easily find and link their institution to the Fintech apps and services they required, the… Read More

November 7, 2021 @ 10:25 pm By Omar Faridi  |  

Hong Kong’s leading digital banking platform, ZA Bank, announced this week that starting from November 4, 2021, new users are able to get their loan application approval results  “instantly via ZA Bank’s official website, enjoying a seamless and convenient digital finance experience.” As mentioned in… Read More

November 7, 2021 @ 2:23 pm By Omar Faridi  |  

The team at UK-based digital bank Monzo has shared how they are working towards net zero carbon emissions. As noted in a blog post by Monzo: “We are in a climate crisis. Everyone has a responsibility to act, and take decisions that will support a… Read More

November 6, 2021 @ 11:56 am By Omar Faridi  |  

Argentina-based Fintech firm Ualá is reportedly expanding its operations and overall presence in Mexico via the acquisition of domestic bank, ABC Capital. The transaction, which is currently subject to government approval, should allow Ualá to move into different business segments. Pierpaolo Barbieri, CEO at Ualá,… Read More

November 5, 2021 @ 12:20 pm By Omar Faridi  |  

PDX Coin has announced that it is developing an international virtual banking platform for the crypto-economy that will provide retail crypto-to-fiat payment capability. As mentioned in a release, the high-speed, bank-friendly payment platform aims to offer “a modern alternative to the traditional 70-year-old bank payments… Read More

November 5, 2021 @ 8:27 am By Omar Faridi  |  

Northern Bank Ltd, doing business as Danske Bank UK, is confirming that it has teamed up with the European Open Banking platform, Aiia (acquired by Mastercard) to provide digital solutions to help its 20.000+ business and corporate clients via its business banking platform, District. The… Read More